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BURSA MALAYSIA SEEKS PUBLIC FEEDBACK ON REVIEW OF MAIN AND ACE MARKETS’ LISTING REQUIREMENTS RELATING TO CORPORATE GOVERNANCE REQUIREMENTS

14 Aug 2017

Kuala Lumpur, 14 August 2017 – Bursa Malaysia Securities Berhad (“Bursa Malaysia” or “the Exchange”) today issued a consultation paper on the review of the Main Market and ACE Market Listing Requirements (collectively “Listing Requirements”) in relation to corporate governance requirements. The amendments are being proposed as a result of the introduction of the new Malaysian Code on Corporate Governance (“MCCG”) by the Securities Commission Malaysia on 26 April 2017.

In its consultation paper, Bursa Malaysia is seeking comments on:

  1. Enhancements to the corporate governance disclosures requirements under the LR to be aligned with the MCCG; and
  2. Enhancement to the oversight role of the audit committee in respect of the internal audit function.

The proposed amendments seek to improve the quality of corporate governance disclosures, and at the same time, promote good corporate governance
practices by listed issuers, as well as enhance transparency of their practices.

The consultation paper is available at http://www.bursamalaysia.com/market/regulation/rules/public-consultation 

Interested parties and the public are invited to submit their comments and feedback to Bursa Malaysia by 11 September 2017.